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Rashmilogo

Self-Study CPE
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Lessonsinethics rashmi selfstudy

LESSONS IN ETHICS AND COMPLIANCE: MAKING THE RIGHT CHOICE

NOTE: All jurisdictions accept courses from Registry sponsors to a certain extent. However, some jurisdictions have additional requirements. You can see which jurisdictions have these requirements here: https://www.nasbaregistry.org/cpe-requirements


This Ethics webinar does NOT qualify for IRS CE credit.
CPE Processing Fee$40.00
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Ethics (Behavioral)
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateAugust 9, 2018
Date OfferedMarch 8, 2020
Expiration DateMarch 8, 2021
Course Description

This 2 hour ethics-driven class presents a case involving bank fraud charges. The presenter, Rashmi Airan, was an emerging real estate attorney who ended up pleading guilty to a federal crime and, as you will see, suffered consequences due to large risks and failures and by associating with people who were involved in financial mischief.  

The course will uncover the challenges that individuals face who daily have to walk the line of compliance and ethics in their personal and professional lives.

CORE OBJECTIVES:


  • Understand the importance of professional skepticism

  • Understand different levels of “knowing” and how willful blindness can lead to corruption

  • Understand responsibilities of those involved in business/real estate/legal transactions

  • Understand the role of the client and professional

  • Understand the importance of trust and its role in enabling fraud

  • Understand the distractions that allow fraudulent schemes to occur

  • Understand the opportunities and environments that exist that allow fraud to occur despite existing controls

  • Understand how fraudsters use deception and separation to perpetrate their acts

  • Understand how fraudsters gain access to value and convert it into a personal monetary gain

  • Understand how to identify those who are potential enablers and detractors of fraud

  • Understand how to conduct adequate follow-up on important issues

  • Understand the behaviors surrounding fraudulent actions

  • Understand how to identify our ethical blind spots

Against the Slippery Slope | Rashmi Airan | TEDxGreenville

Watch Rashmi's TEDx Talk for an overview of the ethical decision slipery slope.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Through the lens of Rashmi’s personal case study, identify common ethical pitfalls and strategies to avoid those pitfalls.

Ethicschoice selfstudy
Handout Materials
Presentation Slides
Additional Materials
Against the Slippery Slope | Rashmi Airan | TEDxGreenville
Review Questions
Review Questions
QUESTION 1: 23 minutes
QUESTION 2: 36 minutes
QUESTION 3: 44 minutes
QUESTION 4: 1:20 minutes
QUESTION 5: 1:28 minutes
QUESTION 6: 1:37 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Rashmi Airan

Rashmi : Ethics Integrated
Ethics Keynote Speaker And Consultant
rashmi@rashmiairan.com

Rashmilogo

Rashmi Airan‘s mission is to share the need for ethical vigilance and to inspire you to make good ethical choices in all areas of your life. Rashmi is an ethics speaker and consultant fighting to create a culture of conversation and bring ethical issues in business to light, to promote integrity, to enhance commitment to fiduciary duty, to build ethical leadership, and to shift the paradigm of ethics standards through ethics training.

Rashmi Airan, a first generation immigrant of Indian parents and the oldest of three daughters, was raised with high expectations to achieve. She had both professional and personal pressures. Rashmi's father came to the United States with just $8 in his pocket to attend school and achieve the American dream for the hope of a better life for his family. He obtained a masters degree and a doctorate degree in engineering and is now on his second career after obtaining a juris doctor and masters in law degree. In the Indian community, there is a strong desire to achieve good grades, go to the top schools, win awards, get hired by big companies, and make money. In addition to being a mother of two, Rashmi was a successful lawyer who graduated with honors from Columbia Law School. After working for several major corporations, she launched an independent law practice in Miami, Florida. During the housing boom, she was recruited to work with a local real-estate developer who later engaged in questionable business practices. Rashmi’s drive to succeed financially and to give her children the best life possible created an ethical blind spot for her. She chose not to question her client’s behavior despite her inner voice screaming “ask questions!” Her involvement resulted in a six month sentence to Federal prison for bank fraud, alongside a $19M judgment against future earnings, required community service hours, and 3 years supervised release. Before beginning her sentence, Rashmi’s community of friends and family embraced her. Though previously believing only a high level of success would make them proud, she now felt for the first time the true power of what building strong relationships meant. A close family friend remarked quietly “You will eventually learn that this is not happening to you, it is happening for you.” In prison, Rashmi felt shame and remorse for her decisions. Taking in six months of federal prison life, Rashmi came to a place of peace and self-forgiveness. While being immensely humbled by this life-changing experience, she emerged with invaluable lessons learned both personally and professionally. Rashmi shares her emotional development of living with remorse, but not letting it define you. She is determined to create a culture of conversation around ethics and compliance and to integrate ethics into all aspects of our lives. Rashmi continues to tour the country as a public speaker, sharing her story to illustrate the ethical perils that can result from a drive to succeed and the blind spots created when we are pursuing our goals. She speaks on the ethics standards of a fiduciary, the consequences for breaching such a duty, the imperatives of an effective compliance program and more. She mines her vast legal and business expertise and tells her powerful story to deliver game-changing messages to universities, law firms, corporate teams, and trade associations around the United States. Rashmi redefines what it means to be successful and the need for ethical vigilance in an American culture where success is often obtained by any means necessary. “Speaking and sharing my story heals my heart. In my soul, I know it is the right thing for me to do. We must be vigilant in our pursuit of being ethical. Things happen for us, not to us. If I can help one person, it will all be worth it.”

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

Rashmilogo
Rashmi Airan is determined to create a culture of conversation around ethics and compliance in all aspects of our lives. She is striving to change what it means to be successful in a culture where success is often obtained by any means necessary. Rashmi’s hope is to inspire students, professionals, and organizations to have ongoing conversations about ethics and compliance, to better our communities, and to encourage all to make good, deliberate ethical choices on our way to success.